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Search Results 0 to 49 of about 58 (some duplicates have been removed)
. if a crisis can be averted. if democrats and republicans can come to an agreement on the big fight that has been frankly smothering american politics for weeks now. president obama announced earlier today that he wants to see a deal done by tomorrow on the big debt ceiling fight that has consumed every bit of oxygen in d.c. for the last few months. the president saying tonight that congressional leaders are on the clock. they have 24 to 36 hours to get a deal done. as planning a vote that the u.s. government should not default on our debt and shut down comes down to the wire, we are inching close enough to the edge here that two of the world's major credit rating agencies have warned that our national credit rating may be downgraded as a result of this standoff. the day that the u.s. would actually hit the debt ceiling and start going into default and shutting down is august 2. but this does not mean that we have until august 2 before we lose our national credit rating. that could just happen right now. because of the uncertainty and because of how long it is taking to get this done. right
to raise the debt ceiling. everybody fr everyone agrees. this is big for the republicans. never done before with a long-term budget plan to bring down the deficit. now everybody agrees also there has to be a balanced approach. they agree to $1.6 trillion in cuts and what the president is saying is there's $400 billion in tax subsidies. tax give ways, as al you mentioned, tot hedge fund managers, that we can no longer afford. now if republicans don't buy that, as david brooks said nothing in the new york times, they are idiots. they don't know how to govern. they won. they ought to take this deal. >> mr. brooks, conservative columnists, is saying come on. you are marginalizing yourself. can't even you even hear from your own people that ideal logically agreed with the republican line. >> well, look, reverend sharpton, you showed some polls a minute ago that showed 70 or 8 30ers don't agree with republican owns this or that or the other thing. if the republicans are standing up for their convictions and beliefs against the tide of public opinion, it may be political courage an political decis
of the substance of the proposal, it's too big. there is no time to get something this big done before the august 2 deadline. it literally cannot be passed through the senate in time even if everybody likes it. the other rainbow/sunshine problem here is the president and the senate agreeing on this or anything doesn't get you further towards raising the debt ceiling, it's not just the president and the senate, it's crazy town down the hallway too, it's john boehner's republican house, that likes the idea of the nation defaulting, that thinks the explosion of the economy might be pretty or at least warm for a second. they are not looking for a good deal or achieve particular policy objectives, regardless of what they get, they are not going to vote to raise the debt ceiling. the republicans who are running for president from the house of representatives, for example, are not saying don't raise the debt ceiling unless, don't raise the debt ceiling until, they are saying don't raise the debt ceiling at all. let's see what happens. this is how republican congresswoman michele bachmann's first president
. the indication that we're getting now is that this is a big deal, that this is going to be very large, and that everything is going to be on the table as far as bringing the corporate tax rates down, closing tax loopholes, but also cuts in entitlement programs, medicare, medicaid, possibly talking about social security and changing the way it works in the long term. these are big items that obviously could not get done legislatively before the august 2nd deadline. if there was some agreement reached between the leaders to raise the debt ceiling and agree to the framework by which they are going to tackle these big ticket items, that would be a significant thing. and it seemed like both parties were so far apart it will be interesting to see through the weekend if there can be some negotiated deal on a big framework. martha: it's interesting, bret because we've heard a little bit of what has come out of the preliminary discussions that vice president biden was part of. it seemed as though in those discussions they would talk big dollar figures although they wouldn't talk about specific
have a big jump in revenue. obama has been saying let's thai the bush tax cuts are going to lapse and we are going to extend the ones for the middle class. republicans are afraid to let him do that up front. it would kill momentum for a tax reform. >> but, but, but why just get rid of the bush tax cuts. if they are so awful, why not get rid of all of them. get rid of all of them for everybody. if tax cuts are the worst thing ever, the bush tax cuts, get rid of the bush tax cuts for everybody and raise billions in revenue. >> right. i think we could probably figure it out sitting around the table. i don't think it's that difficult. they are locked in in political terms. it's a much different issue to them. you can make rational compromises and deals here. the problem is, how do they do it. what's happening is they are at the point where they realize the consequences. at some point, they realize they have to do something other than hold the ground saying this is it. we're not going to change anything. we are at that point and we have little time to work with. >> howard dean, look wh
it could be a big day for our whole entire country. >> and the news is whether we've got a deal or not. shortly after ten o'clock last night. harry reid said you know, i was going to have everybody show up in the mid feel the night and take a vote at 1 a.m. and he received word from the white house that apparently, the white house and this really hacks him off, you know, because it kind of bypasses him, and former speaker pelosi, dealing directly with mitch mcconnell, joe biden 6789 it sounds like they've got a deal, and close to a deal and some of of the frame work as well to talk about it. >> yeah, it looks like it's been going back and forth and take a look, it looks like debt ceiling increase, 1.2 trillion to 2.4 last night last through the night and living in my office, as high as 2.8 trillion dollars in debt ceiling increases, spending cuts have to be about the same amount commensurate. >> dollar for dollar. >> at least if not more. >> and guys, there's a little bit of wrangling whether or not that balanced budget amendment that john boehner needed so badly to get the house to vo
on to as a pass towards raising the debt ceiling. i'm sure that was an edified discussion for their big senate plan, which the president likes, but it is not the president and the senate who need to get together to decide this thing. it's the president and the senate and the drunk kids at the other end of the building who are setting their barbies on fire and cooking metal in the microwave until it explodes. watch it burn! watch it burn! honestly, time for a reality check here. house republicans are not trying to drive a hard bargain and get the best deal possible. house republicans do not want to raise the debt ceiling. for anything. they would please not like to raise the debt ceiling. they would like to go into default, thank you very much. house republicans have been actively making that argument for weeks now that hitting the debt ceiling, oh, that won't hurt a bit, who cares? republican congressman mo brooks of alabama told the washington post this week that on the contrary, all credit rating should be improved by not raising the debt ceiling, which is like saying you're looking forward
matthews down in washington. leading off tonight, too big to fail? here are the two things to take away from mitch mcconnell's offer. one we are no longer looking at democrats versus republicans or liberals versus conservatives. this is a fight between the leaders and protesters, people who are responsible for america's financial health and those who never have to worry about an election. second, money talks, b.s. walks. when major financial groups told the gop that default was not an option, they suddenly saw the light. as phil graham once said -- -- we learned that many on the right only pretend to care about the debt. what they care about is shrinking government and lowering taxes. tonight we're going to put a spot light on the unsupported republican claim that somewhat higher taxes for the better off means fewer jobs for everyone. also, the rupert murdoch scandal has claimed another victim. murdoch has dropped his bid to buy british sky broadcasting tonight. will it threaten his holdings here in the states? >>> the latest poll on republicans may show that mitt romney is in more trou
. they are convincing one another that it is not that big after deal. so right now the white house's big hope and i don't think it is misplace said that if we go to do doom's days on this, the hope is people that get blamed will be the republicans. >> that's option 2. that's default. i've given you two options. >> it's not default if we don't stop sending out the checks. if we keep sending out the checks, it's not default. we didn't default in '95. we just got near to it. >> does the president then say, okay, i'll agree to the republican plan? what's the third option besides default and defeat? how does he force his point of view, which is a reasonable balance, two or three to one, spending cuts to revenue hikes. >> i have no idea. i should say they're talking four or five to one. >> how do we get to there then? >> he can't. on his own we simply cannot. we live in a country, the constitution, the constitution has ultimate power. a lot of people think he could ignore them by asserting constitutional authority, but that is really dependent on the supreme court. >> am i right that it depends on one man, j
: the last 48 hours this investigation has gone from about this big to this big. some officials may have already been caught lying. not only that, now we're told u.s. wasn't just helping send guns to mexico, taxpayers paid for some of those guns. and more than one federal agency knew about it. that's the latest in the scandal we know as fast and furious. according to sources an f.b.i. informant allegedly used taxpayer money to buy guns on behalf of the cartels, the f.b.i. knew it, they allowed it to happen and they failed to tell congress or the agency that was investigating him, causing that agency, the atf to spend two years, thousands of man-hours and millions of dollars pursuing information the f.b.i. already had about a man, the atf would never be allowed to arrest because he worked for the f.b.i. this information was confirmed this week sources say by the acting atf director ken nelson who met secretly on july 4th with congressman darrell issa and senator charles grassley. nelson who is going to be the fall guy in this scandal dropped a few bombs in his deposition indicating others
the moments. americans are outraged you have to big chunk of americans that still believe that she was guilty in this case and even though she was proven not guilty, many say that doesn't mean she was innocent. and protesters were out there, outside of the jail, waiting for casey to leave just outraged take a listen to what some people were saying. >> we're just out here, we don't care if it's raining, where the thunder is, we're out here. >> it's an important thing to boycott casey, that she gets no money, protest that this kill ser getting out. that she had such a jury trial that was as much a joke. six-year-old would have made a more conscientious decision. >> sheet's definitely guilty. >> and dave mentioned the facebook, there's the i hate casey anthony facebook page. 45,000 now. >> dave: it's up now 48,755 and i would imagine that list will continue to grow throughout the days and weeks ahead. >> clayton: another one, an f-casey anthony page. more than 775,000 individuals on that. so they were choosing between the two facebook pages the i hate casey anthony page and another one. >> ainsl
the battle on a short term debt ceiling because we can't put together a big one in one week's time. and you noticed the president had no statement in there, "i will veto a short-term debt ceiling." what happened to that? >> he didn't have that. i was wondering if you would allow if you ear in the president's position or advisor, you advised many presidents before. would you not tell him to stand up to his opponents? >> i would not tell the president of the united states to veto a short term debt ceiling. if, as a result, i'm going to throw my country into default over what? the president is willing to accept a clean debt ceiling with nothing. now boehner is going to give a debt ceiling with $1 trillion in cuts. why would he reject the good because it's not the best? >> my advice -- i think, pat, we've had this discussion on the show. pat and i sparred a bit in the last two weeks. i think pat, unfortunately, for the democrats standpoint is right. i don't mean you're right. you're more right this morning than wrong. if the president has to accept a short term plan which is looking more and mo
is the big bad government is a threat to us. the consumer protection bureau as most americans understand is the government protecting them from abuse by private financial institutions. and they are terrified that the public will see that there is value to a public institution that can prevent them from being abused by private institutions because it undercuts the whole rationale that the government is always bad, always a problem. and that's why we are fighting so hard for it. >> congressman barney frank, democrat of massachusetts, ranking democrat on the financial committee. thank you for your time tonight. >>> texas governor, and gonna run for president guy, rick perry made a very surprising decision today that is going to upset some of his most ardent supporters. i'll tell you about it with a smile when i come back. >>> there are two things happening in rick perry's political life that are on a collision course. the first thing is that he plainly is going to run for president. he is leaking to the press that his wife wants him to run, she is actively encourage ing him to do it. he jus
? >> well, look, it's a compromise. you've got big cuts, and you've got extra revenue. so it is a compromise, and you're running out of time. that august 2nd deadline is very, very close and to get this plan how you've got to move quickly because you've got to legislate, pass, vote, implement. bill: can they do that in the time they have lift? >> frankly, bill, it's doubtful. you think you can write the tax code in a couple of days? the highly unlikely. but you can see how republicans would probably go for reducing tax rates. it's hard for me to see how democrats could go for reducing tax rates. bill: now, before we fish here, though, this cut, cap and balance thing that passed in the house, that was all the talk over the past week. would that survive a senate vote or, ultimately, is it vetoed by the white house? >> i've not heard anybody who has said it will pass in the senate. that's, essentially, a symbolic move, and it's dead as of now. that's why there's so such attention on this gang of six plan. bill: we shall see. stuart, we'll see you on fox business network, okay? stuart varney lea
should be spending time to get americans back to work and fixing the economy. there is a big issue coming up with regards to the debt ceiling. president ought to be in washington meeting with republicans, meeting with democrats. he shouldn't leave that town until he has an understanding of what it's going to take to get this economy going again and deal with the fiscal crisis, but he is here raising money for a campaign. doesn't even have a primary opponent. >> gregg: might gop governors rally around mitt romney. he is lashing out at the current president? >> i think that is possibility. i think what you elude to, governors think that those from their ranks make the best president. you have heard a number of governors yet to endorse that idea they would like to see a governor as the nominee. they would like to see a governor as the next president. i think you have to wait a while until the field narrows or some things become a little clearer. at this point i just don't think there is enough reason for the vast majority of the governors to come together and endorse and pick a candidate. >>
the state of pennsylvania has come in and said defaulting on the debt is not that big a deal. it can be, quote in his words, easily managed. does the senator from arizona agree with that thinking? mr. mccain: as the senator may know, i came to the floor a couple of days ago and made that comment, and the senator from illinois and i are in agreement, point number one. you can prioritize -- i think the senator and every economist i know literally would agree. you can prioritize for awhile where you want what remaining money is left. but the message you send to the world, not just our markets but to the world, that the united states of america is going to default on its debts is a totally unacceptable scenario and beneath a great nation. we are in agreement, number one. mr. durbin: amen. mr. mccain: number two is that to insist, to insist that any agreement is based on the passage through the united states senate of a balanced budget amendment to the constitution of the united states, as i said before, is not fair to the american people because, because the terrible obstructionists on this
the democrats and their negotiating position in the big debt ceiling fight in washington. whether or not the white house really just put social security and medicare on the table for cuts. that is all ahead. but we start tonight with a dramatic development in a life or death issue. it is literally about life and death. about the power of the government to kill people it is holding prisoner. but it's also about presidential politics, and who will be the republican party's nominee for president this year. there are two unquestionable truisms in coverage of republican presidential politics right now. one is that the prohibitive favorite to get the republican party's nomination, the front-runner so far out in front it is almost impossible to imagine anyone catching him is mitt romney. mitt romney seen here at the romney fundraiser today in london, england, of all places. mr. romney leads in all scientific international polls at this point, in all iowa polls, new hampshire polls, and in fundraiser. he is the front-runner and is front running alone. that is truism number one. truism num
. it's kind of incredible. i think it's been easy to lose sense of the big picture here, but the further you get away from what just happened, the bigger perspective you take on it, the more incredible it is. 70 times to raise the debt ceiling. raising the debt ceiling is something that happens as a matter of course. it's a run of the mill no headline kind of event. >> this is really housekeeping, tim. this has nothing to say, nothing to do with future spending. this simply reflects decisions made in the past and it ought to be treated like the housekeeping matter it is. >> george w. bush's budget director, mitch daniels, explaining the bush administration hoped raising the debt ceiling would be handled by congress as a housekeeping matter. that's how it was handled over the last decade. in the george w. bush administration, congress raised the ceiling seven separate times. among the republicans raising their current tantrums among john boehnor, eric canton, mitch mcconnell, jon kyl, collectively they passed 19 votes during the bush administration to raise the debt ceili
, some real big news, actually, because speaker boehner, it seems, may have a plan that will come to fruition, before 4 p.m. this afternoon so that the asian markets aren't rattled and it will involve sort of a two pronged approach. >> yeah, but the most important part of the two step process clayton mentioned there's going to be a short-term extension involved and the democrats have objected to that, as you know, from the very beginning, the president, nancy pelosi, harry reid all three last night reiterating they will not support a short-term extension. so it appears we are playing with some serious fire on this sunday. >> what does john boehner do, comes up and hands over the paper work, they immediately say no. listen to this, thises what mitch mcconnell has to say about this. there is bipartisan agreement on the need to prevent fault and given the unprecedented size of the debt ceiling increase, the president is requesting, this is not an easy process. and the effort to prevent default while substantially reducing washington spending will continue. >> of course, all of the co
of this cut, cap, and balance. the would like a big deal as obama calls it. speaker john boehner is interested in that, but not much support in making a deal from his own caucus. willing to open his mind to a smaller deal. host: you can read more at com.olitico dot martin kady was joing us. thanks. we are looking at how this issue will be alert and impact the elections of politicians. should this make or break a congressional career? connecticut, good morning to you. caller: this is a great example of how it will have an impact on congressional careers. there are two factors. one is doing nothing, if it is presented as normal and responsible behavior, and to come up with specific cuts on the other hand and is portrayed as dangerous, republicans will pay a price, because the irresponsible behavior that got us into this. the other aspect is who do you believe? the president falsifying the health insurance aspect of his mother's cancer could be so troubling. if the president would make up false tales about what health insurance companies did or did not do for his mother, imagine what he would say
: i think they are looking at a deal short of this cut, cap, and balance. the would like a big deal as obama calls it. speaker john boehner is interested in that, but not much support in making a deal from his own caucus. willing to open his >> more from this morning's "washington journal." the role that religious conservatives are playing in politics. at the table, richard land of theouthern baptist convention. all of these fiscal matters. in terms of how a religus conservative views the nation's debt? >> guest: we're borrowing 41 ces of every dollar our government spends. we have been living way beyond our means for a lg time. if we do not quickly address it, and i mean quickly and significantly, we're going to foreclose our children and grandchildren's future. they will spend their entire lives paying off our debt. my generation will be the first generation in american history to be quick to the children and grandchildren and or standard of living than the one we had. my parents would be aghast at this theorld w ii generation would be aghast. their whole lives were dedicated to u
in a picture-taking session before the meeting there was only small talk about the big sand storm in phoenix. colleagues say house speaker john boehner told us later there is an even chance there could be abagreement soon. >> there is substantial belief whatever is going to happen is likely to happen in the next few days. i for one spend wait and see what happens. >> senator blunt concedes that boehner is an optimist and the president admits both sides are far apart. there was ample evidence of that. reports that social security changes were discussed triggered complaint from democrats despite the white house assurance that benefits would not be cut. >> do not consider social security a piggy bank for getting tax cut to the wealthiest people in our country. >> republicans suggested tax savings should be used to other tax cut and not lower the deficit. some are reluctant to raise the debt ceiling. >> none of us want to raise the debt ceiling. up in of us think it's a good idea to spend money we don't have. it's a problem we have been doing it for so long. >> senator paul says the balanced bud
: anything big happened while you were gone? jenna: got married, went on a honeymoon. i'm back for good. jon: glad to have you. brand-new developments in the debt showdown as the clock ticks closure to government default. now the tea party is stepping in, pushing its cut, cap and balance plan. jenna: ccp, a measure that raises the limit on america's credit card by another $2.4 trillion, only after big and immediate spending cuts, as well as a constitutional amendment requiring a balanced federal budget. jon: it looks likely to pass in the house but the senate is a very different story. mike emanuel live at the white house for us now. what is the latest from the white house, first of all, mike? >> reporter: jon the white house perspective that this is a huge problem, our nation's debt, so this is the time to do something big and do something bold. it is not clear where the votes will be in terms of trying to do something of that nature. our understanding is from talking to sources, both here at the white house and on capitol hill is there were conversations back and forth between the presiden
Search Results 0 to 49 of about 58 (some duplicates have been removed)